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香港交易所成立香港國際碳市場委員會 佈局發展碳市場
香港交易所宣布成立香港國際碳市場委員會。
China’s Liu He and U.S. Treasury Secretary Janet Yellen hold virtual talks
China’s Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen held a virtual call about macroeconomic issues, according to statements from both sides.
Dow falls more than 600 points as Wall Street sell-off gains steam
Stocks were lower on Tuesday morning after the major averages finished another losing week.
British Army’s Twitter and YouTube accounts hacked to promote cryptocurrency scams
A hacker, or hackers, compromised the social media accounts of the British Army to push people toward cryptocurrency scams.
Cross Asset Forecasts for Q3 2022
Get your quarterly forecasts for all major asset classes here.
Cross Asset Forecasts for Q3 2022
Get your quarterly forecasts for all major asset classes here.
Euro hits the lowest since 2003
And just like that the euro is at the worst levels since 2003 as it quickly cut through both the 2022 low of 1.0350 and the 2017 low of 1.0340. The low so far is 1.0335.
Parity is the next level of meaningful support.
The move in EUR/USD is lending a broad bid to the US dollar.
There’s no obvious catalyst for the move in the euro but a few things are being cited:
German bunds are bid, with yields down 7.2 bps compared to flat trading in US Treasuries, though that could change when US traders return from holiday in a few hours.
EUR/CHF has broken parity and the Swiss National Bank looks to be out of the game
European benchmark natural gas prices are up another 6.3% and at the highest since the brief March spike. There are growing fears that Russia will cut off the continent, ensuring a brutal winter and the collapse of some industries.
This article was written by Adam Button at www.forexlive.com.
In terms of technical levels, it doesn’t get any bigger than this: Euro threatens 1.0350
The low in May was 1.0350 and the low in January 2017 was 1.0340.
Both of those critical levels are under heavy pressure at the moment as a broad US dollar bid emerges. A breakdown would be the lowest in the euro since 2003.
Today’s PMIs emphasize the growing risk of a recession in the eurozone. The dollar is broadly bid today but the euro is particularly soft as German 10-year yields fall 7 bps.
In terms of technical levels, it doesn’t get any bigger than this.
The low so far is 1.0352 in a quick fall from 1.0432 just over an hour ago.
This article was written by Adam Button at www.forexlive.com.